FirstCash reports 28% growth in pawn business, raises quarterly dividend 10%
Key Facts
FirstCash announced on October 22, 2026, that pawn segment revenue and earnings grew 28% in the third quarter, alongside an increase in its quarterly cash dividend to shareholders. The company said in its earnings release that "pawn segment revenue and earnings grow 28%," with total revenue and adjusted earnings per share rising from the corresponding period. Quarterly revenue totaled 1,101,167 thousand dollars, compared with 935,579 thousand dollars in the third quarter of 2025, according to the official results table, which is denominated in thousands of dollars. Adjusted diluted earnings per share rose to $2.68 in the third quarter of 2026, compared with $2.26 in the same period a year earlier. The increase in earnings per share followed growth the company reported in the second quarter of 2026, when earnings per share under generally accepted accounting principles rose 58% and adjusted earnings per share increased 40% year on year.
FirstCash set its new quarterly cash dividend at $0.46 per share for the fourth quarter of 2026, according to the earnings release. The announced dividend represents a 10% increase, alongside the growth in pawn business revenue and earnings the company reported for the third quarter. On expansion, the company addressed the status of its Ramsdens acquisition in its credit facility update. It said in that update that shareholders of the target company had approved the deal. It added that the acquisition was still awaiting final regulatory approval after securing shareholder approval.
As background to pawn companies' performance, EZCORP released its fiscal third-quarter results on August 5, 2026, before FirstCash's current announcement in October. EZCORP's results cover the period ended June 30, 2026, according to the company's official fiscal third-quarter disclosure. Total revenue for that period reached $418.7 million, while adjusted diluted earnings per share came in at $0.47. The company reported a 48% year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortization to $65.6 million in the fiscal third quarter of 2026. Net income attributable to EZCORP also rose 44% from the same period a year earlier to $38.2 million, according to the official results.
In lending, EZCORP's outstanding pawn loan balance totaled $387.2 million at the end of the fiscal third quarter ended in June. The company cited continued "strong demand for pawn loans" among the drivers supporting portfolio growth during the period. In its jewelry scrapping business, sales rose 110% from the corresponding fiscal quarter a year earlier, according to the same disclosure. The sales increase was accompanied by a decline in the business's gross profit margin to 26% during the fiscal third quarter. The margin had stood at 29% in the corresponding period a year earlier, bringing together growth in jewelry scrap sales and a decline in their gross profit margin in the company's quarterly results.